Word: baracks
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...Contrast China's economic rescue effort with the stimulus package recently signed into law by President Barack Obama. In the U.S., despite all the talk about shovel-ready construction projects, only about $100 billion of the $787 billion in stimulus spending will go toward new infrastructure this year. Another $282 billion goes to tax cuts or rebates, much of which, as economist Nouriel Roubini argues, will most likely be saved, not spent. A big chunk of the rest of the package will go, via the states, toward social services: increased unemployment benefits, more money for food stamps and for health...
...drastically expand health coverage in rural China, where some 800 million of China's 1.3 billion people live. That's a step forward. But China will need to spend more to expand its safety net, as Lu says, and it needs to hurry. If only it could import Barack Obama's economic-recovery act. It might work better here than it does at home...
...developing economies such as Brazil, China and India will be crucial to ensuring that demand remains buoyant. Lula, too, has changed. These days he's a pragmatist who is as popular inside corporate boardrooms as he is in the favelas. On March 17, he will meet new U.S. President Barack Obama - a fellow moderate liberal who shares Lula's passion for green-energy ventures - in the White House. He will be the first Latin American leader to meet Obama since he took office, a sign, perhaps, that the new U.S. Administration sees Brazil as a key partner in forging...
...House press secretary Robert Gibbs crept up to that line--even put his toe over--as he tried to capitalize on the anti-Obama declarations of talk-show leviathan Rush Limbaugh. In January and again at a recent gathering of conservatives in Washington, Limbaugh pointedly voiced his hopes that Barack Obama's economic proposals will fail...
White House press secretary Robert Gibbs crept up to that line - even put his toe over it - as he tried to capitalize on the anti-Barack Obama declarations of talk-show behemoth Rush Limbaugh. In January, and again at a recent gathering of conservatives in Washington, Limbaugh pointedly declared that he hopes for the failure of Obama's economic proposals. (See 25 people to blame for the financial crisis...